Canary in a Coin Mine – Obsolete ASICs Gathering Dust in Shenzen

[kreslik.news]

Chinese cryptocurrency miners in the city of Shenzen have found themselves stuck with hundreds of useless cryptocurrency mining devices which they can’t even sell, according to an article in tech.qq.com, a local media source.

Machines gathering dust

It is a sad story of an electronics market in Huaqiang North, Shenzen. ASIC mining machines are piled high behind market stalls, behind other products and no longer even advertised, and sold for two-thirds of their original price.

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One merchant told the writer that business was booming last year, but now it is difficult to even sell the machines ... (read more)